Malaysia: Tanjung Pelepas selected to join P41 initiative to achieve green bunkering hub ambition
- Published
by Admin
The Malaysian Port of Tanjung Pelepas (PTP), a joint venture between APM Terminals (30%) and the MMC Group, has been selected to join the Partnerships for Infrastructure (P4I) initiative, according to APM Terminals on Thursday (28 September).
The initiative is a government-to-government decarbonisation scheme between Malaysia and Australia that supports PTPs ambition to become a green bunkering hub for alternative fuels.
The P4I project aims to spearhead Malaysia’s decarbonising effort in the maritime industry and to foster inclusive growth through sustainable infrastructure in Southeast Asia.
Malaysia has the potential to develop into a regional green fuel bunkering hub with the support of both industry and government, according to a study by the Australian Government’s Partnership for Infrastructure (P4I). The study also found that methanol is the green fuel option receiving the most investment from shipping lines.
The study was undertaken in response to a request from Malaysia’s Transport Ministry (MoT) to better understand zero-carbon bunkering and explore the potential for green refuelling sites in Malaysia.
“We hope that the successful implementation of this initiative will become a game changer in transforming the regional maritime industry and further promote opportunities for Malaysia to lead in this area of maritime decarbonisation,” said PTP Chief Executive Officer, Marco Neelsen.
“Given the size and strategic location of PTP, it has the potential to play a key role regionally and globally in supporting maritime and trade decarbonisation,” commented Executive General Manager Commercial at Port of Melbourne, Shaun Mooney.
Shipping accounts for nearly 3% of global emissions, with International Maritime Organization setting a goal to halve annual emissions by 2050 and establish green shipping corridors for vessels using zero-emission fuel.
In support of this, for APM Terminals fully controlled Ports and Container Terminals the company has made an industry leading commitment to reduce its total emissions by 70% by 2030 compared to 2020 and be fully net zero by 2040.
PTP’s own decarbonisation goals are to reduce 45% of its emissions by 2030, having already shaved 30% off its carbon emissions by 2021 compared with its 2011 baseline.
Over the next five years, Neelsen said, PTP will be spending RM3 billion to step up efforts to upgrade its current terminal footprint, including automation, digitalisation and other port functions.
Related: Port Of Tanjung Pelepas joins G2G decarbonisation scheme between Malaysia and Australia
Photo credit: APM Terminals
Published: 2 October, 2023
